BAN 280 Final Exam Questions With Correct Detailed Correct Answers.
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Course
BAN 280
Institution
BAN 280
Element - correct answer the entities on which data are collected
Variable - correct answer a characteristic of interest for the element
scales of measurement - correct answer nomina...
BAN 280 Final
Element - correct answer the entities on which data are collected
Variable - correct answer a characteristic of interest for the element
scales of measurement - correct answer nominal, ordinal, interval, ratio
qualitative variable - correct answer a categorical variable for which each value
represents a discrete category
quantitative data - correct answer numerical data
discrete data - correct answer Numerical data values that can be COUNTED
continuous data - correct answer Numerical data values that can be MEASURED
Dataset - correct answer the complete set of raw data, for all observational units
and variables, in a survey or experiment
Observation - correct answer the set of measurements collected for a particular
element
measures of central tendency - correct answer mean, median, mode
measures of dispersion - correct answer range, variance, standard deviation
standard deviation - correct answer the square root of the variance
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